Your 401k Allocations.

[UpstateNYUPSer(Ret)]

Can't you only put in $18,000 a year?

Yes. The annual max is set by the IRS and generally increases by $500 every year. There is a "catch up" contribution max of $5K for those of us who are 50 or older.

 

[Coldworld]

Of course. Just curious how others have set up their 401k since I believe we all have the same choices. Other investments not really part of the topic

Don't feed the troll... @IVE GOTTA PACKAGE 4U ... he's spending his retirement on shoddy meat products that are average at best...

 

[Coldworld]

I spend it all, save nothing.

You never know when your time is up... right Wally??

 

[Coldworld]

are you friend'ing joking me??? @IVE GOTTA PACKAGE 4U ...lmao!!!!

 

[Wally]

You never know when your time is up... right Wally??

Yep, live now!

 

[CoolStoryBro]

my 401k is 100% S&P.
I hate the funds available via our 401k.
I've heard about the "self directed" option.
But cannot find any literature regarding it or anything on the 401k site.
Anyone know how to enable the self directed 401k?
Thank you.

 

[DriveInDriveOut]

markets about to tank
powerball is 650 million
it's a no brainer, liquidate and buy lotto tickets

 

[Catatonic]

markets about to tank
powerball is 650 million
it's a no brainer, liquidate and buy lotto tickets

Cool Story Bro!

 

[DriveInDriveOut]

Cool Story Bro!

 

[Jones]

my 401k is 100% S&P.
I hate the funds available via our 401k.
I've heard about the "self directed" option.
But cannot find any literature regarding it or anything on the 401k site.
Anyone know how to enable the self directed 401k?
Thank you.

If you're 100% in the S&P you're already doing the best you can.

 

[SnowCitizen]

Anyone know how to enable the self directed 401k?

Go to the 401k site. Don't log in. Click the I'm a Participant tab. Click the Self-Managed Account Information link. You will find a little bit of information about the self managed accounts, and then there is a simple form you have to print, fill out, and mail in.

 

[Benben]

It would be silly to have both a Traditional and a Roth. Stick with the Traditional and bump up your contribution every time that you get a pay raise.

Bad blanket advice on your "silly" comment. Some will see an advantage in having both. I promised the wife a long Italy trip when I retire. I will reach into the Roth and grab whatever I need for that trip and whatever other "big" purchase I want without thinking twice about the income tax implications!

 

[IVE GOTTA PACKAGE 4U]

Bad blanket advice on your "silly" comment. Some will see an advantage in having both. I promised the wife a long Italy trip when I retire. I will reach into the Roth and grab whatever I need for that trip and whatever other "big" purchase I want without thinking twice about the income tax implications!

A little of both is a good mix. Especially since Roth distributions will not make you Social security taxable

 

[Matty_lawn]

Just checked mine I'm down like 20 bucks

 

[IVE GOTTA PACKAGE 4U]

Just checked mine I'm down like 20 bucks

And??

 

[Wally]

Who knew UPS drivers were all financial quaterbacks too?

 

[Jkloc420]

i just upped mine, we will be at 30000 in 4 years

 

[IVE GOTTA PACKAGE 4U]

i just upped mine, we will be at 30000 in 4 years

Nice

 

[Matty_lawn]

i just upped mine, we will be at 30000 in 4 years

I'm on pace for 5k a year. Not bad for making 11 an hour 22 hours a week

 

[upschuck]

Just checked mine I'm down like 20 bucks

I think I lost over 10k last week.